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>> Sprint isn't just sitting around waiting for a long-rumored offer from rival T-Mobile. Reuters has learned America's fourth-largest wireless carrier is sitting down with two cable giants, Comcast and Charter Communications. News that's sending company shares sharply higher Tuesday. The talks stem from a 2011 agreement allowing Comcast to buy some of Sprint's airwaves, says Reuters telecom correspondent, Angeli Atole.
>> Comcast I think would like to get better terms on the agreement that they have with Sprint, I'm hearing that that's kind of where the negotiations could start. In terms of what they could entail, I mean it could really go from just those better terms to an actual joint equity stake between Comcast, Charter, and Sprint.
Or rather, where Comcast and Charter would take the stake in Sprint.>> And even all the way up to a buyout offer for Sprint, even though a source says that's unlikely, all three companies declined to comment. Short of a merger, the cable companies get more access to wireless spectrum to add mobile phone service to their cable TV and broadband service packages.
>> Believe it or not, in Europe it's pretty common to have something called a quad play, where you get everything from one company, I mean we're talking landline, TV, internet, and mobile. And that's what a lot of investors think could be where the US market is headed.>> That would be a new source of revenue as younger TV viewers ditch traditional pay TV packages.
As for Sprint, it would get something it deems quite valuable. With cable companies in the wireless business there is more competition and that could come in handy with anti-trust regulators if Sprint and T-Mobile do decide to merge. But investors will have to wait for any progress on that front while the negotiations are happening with Comcast and Charter.
Sprint, isn't allowed to take any calls from T-Mobile.